AMD shares rise on acquisition rumors

BenjaminPimentel

SAN FRANCISCO (MarketWatch) - Shares of Advanced Micro Devices
AMD, -0.42%
rose 8% to $4.34 late Wednesday on speculation that it is an acquisition target. Evercore Partners analyst Patrick Wang said Qualcomm
QCOM, -3.23%
and Samsung have been mentioned as possible buyers, although he downplayed the significance of the rumors. He said there appears to be "a lot of short covering as volumes shot up in the afternoon." Wang added, however, that "I think it's unlikely they get a take-out offer."

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